8-K/A filed September 13, 2023, 7:59 PM ET ticker ISSC CIK 0000836690

M&A confidence high sentiment neutral materiality 0.80

ISSC closes $36M asset purchase of Honeywell inertial, communication & navigation product lines

INNOVATIVE SOLUTIONS & SUPPORT INC

Acquired business had net sales of $21.5M and $20.6M for years ended Dec 2022 and 2021, respectively.
Net sales in excess of direct costs were $9.6M (2022) and $7.8M (2021); inventory acquired ~$9.1M as of June 2023.
Deal includes perpetual IP licenses, inventory, equipment, and a transition services agreement at no extra cost.
Pro forma combined statements for ISSC reflect addition of acquired revenue; no adjustments for synergies shown.
Assets acquired as of June 30, 2023 total ~$10.6M (inventory $9.1M, equipment $1.5M).

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